Fidelity Investments makes significant investment in Bank of Cyprus

12:40 - 11 January 2024

Financial Services

Boston-based Fidelity Investments, one of the world’s biggest long only funds, recently made a significant investment in Bank of Cyprus.

Fidelity, which focuses on long-term investments, announced that it has acquired 310,237 Bank of Cyprus shares worth $1.09 million.

Fidelity Investments is based in Boston and is considered one of the biggest global asset managers, boasting a portfolio in the range of $4.5 trillion.

Bank of Cyprus has become an attractive option for quality investors following its efforts to rationalise its balance sheet in recent years, its high profitability (ROTE >17% for 2023 and >13% for 2025), and the fact that it is trading on the London Stock Exchange, one of the world’s biggest stock markets.

News Feed

Read More

British PM thanks Cypriot President for cooperation on defence and security
Annual Meeting of the Contact Committee in Paphos on 16-17 October
Old Nicosia Municipal Market project wins at SHARE 2024 Architectural Awards
Cyprus and UK “on same page” on the Cyprus issue, says President Christodoulides (video)
Highest rate of term deposits at 2.45% in August, Central Bank figures show
Cyprus President in NYC for tripartite meeting
NAGA announces expansion of its financial education intiative
President Christodoulides to be received by Keir Starmer at Downing Street
MED9 delegates welcome re-establishment of EC portfolio dedicated to the Mediterranean (pics)
President goes to New York prepared and optimistic for a positive outcome